World Bank approves loan for Indonesia
The World Bank approved three new development policy loans (DPLs) for Indonesia today to support Indonesia-led reform programs to improve public financial management, advance the connectivity agenda, as well as strengthen the financial sector and accelerate investment.
These three policy loans were developed at the Indonesian government's request and builds upon the series of annual DPLs that started in 2004.
These DPLs allow the World Bank to engage within the priority sectors that are in line with the Government's own strategic plans. Altogether, the three new DPLs are designed to help the Indonesian government achieve its medium term goals in economic development and poverty reduction.